February 16, 2021
More Rewards with the Premium Increase Program
Now is a great time to reach out to your clients about saving more for the future.
As the country continues to move forward after a challenging year, your customers may now be in a position to increase their retirement contributions. Now is a great time to reach out to them about saving more for the future and for you to be rewarded with the Premium Increase Program (PIP)! These increases are the easiest way to continue and grow business and reward you for helping your customers meet their retirement goals.
Learn More About PIP
- PIP Selling eKit
- 2020 PIP Enhancements
- Get Paid Even Faster
- Or, contact the National Life Sales Desk at 1-800-906-3310.
PIP Enhancements Introduced in 2020:
- Every annualized increase of $300 + over the High-Water Mark (HMW) in policy years 1 to 15 will receive PIP benefits
- High Water Mark fresh start: All policies without an active PIP will have HWM set to actual premium received in last 12 months
- No minimum time required between increases
- New online submission screen on the agent portal for speedy PIP recognition
- Two consecutive identical increases recognized if online tool is not used
- Full PIP recognition on increases that last less than a year
Premium Increase Program (PIP) Selling eKit
*PIP bonus commission can vary between products; see commission grid, agents must be on advance to receive advanced commissions.
